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The Latest Breaking News from Oil

Saudi discovers huge gold deposits in Medina as its offers 'opportunities to the world'

The Saudi Geological Survey said they found large stores of gold and copper ore within the boundaries of one of Islam's holiest cities, Medina, in a find they hope will help diversify their oil-dependent economy

Daily Mirror

Australia’s best-selling skincare brand launches new lightweight eye cream - with a 5,000 person waitlist!

Australia’s number one Hemp skincare brand, Hey Bud, has unveiled an exciting new addition to the much-loved Hemp Seed Oil powered range - the Hey Bud Eye Cream

Daily Mirror

US Stock Futures Down Ahead Of Powell, PMI Data; Crude Oil Falls Sharply

Pre-open movers U.S. stock futures traded lower in early pre-market trade on Friday after recording losses on Thursday. The Dow Jones closed lower by more than 100 points, while the Nasdaq Composite fell around 150 points in the previous session after the US Federal Reserve, on Wednesday, raised its policy…

Benzinga

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ADNOC, TAQA Conclude $3.8b Deal on Clean Energy, Decarbonization

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) revealed concluding a $3.8 billion strategic project to power and decarbonize ADNOC's offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the…

Asharq Al-Awsat

VIEWPOINT 2: Trusting Iran compromises our national security

Last month, the Department of Justice unsealed a case against an Iranian agent charged with plotting the assassination of former U.S. national security adviser John Bolton. In the alleged murder-for-hire scheme, the defendant attempted to pay operatives $300,000 to carry out the assassination on American soil.

Tribune News Service

See Monster: Decommissioned oil rig to reopen as public art installation

The attraction features four levels, a garden and a 10-metre waterfall

Evening Standard

Oil Prices Edge Down, Recession Fears Back in Focus

Oil prices fell on Friday amid recession fears and a stronger US dollar, though losses were capped by supply concerns after Moscow's new mobilization campaign in its war with Ukraine and an apparent deadlock in talks on reviving the Iran nuclear deal. Brent crude futures fell 41 cents, or 0.5%,…

Asharq Al-Awsat

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How to use avocado oil for hair growth

Maintaining healthy hair is a problem most people face globally. There are many medicines and supplements people can take to ensure a healthy head of hair, but many of these come with unwanted side effects that lead to other issues and more discomfort. There are many superfoods that are recommended…

The Times of India

Judge approves $230M settlement in California oil spill case

A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil into the ocean off California in 2015

The Independent UK

Decommissioned oil rig to reopen as public art installation

See Monster features four levels, a garden and a 10-metre waterfall.

The Independent UK

Venezuela requests warrants for 23 former petrochemical executives -minister

Venezuela has requested international warrants for the arrest of 23 former executives of a petrochemical company in Colombia, Venezuelan Oil Minister Tareck El Aissami said on Thursday.

Reuters

TOP allocates $5bn to invest in fast-growing businesses

Thai Oil Plc (TOP), Thailand largest oil refinery by capacity, is planning to allocate US$5 billion in capital spending to support its long-term investments in new rapidly growing businesses.

Bangkok Post

Dow Turns Higher; Crude Oil Rises 0.7%

U.S. stocks pared some losses, with the Dow Jones turning higher toward the end of trading on Thursday.

Benzinga

Argentine oil workers strike after refinery explosion kills three

BUENOS AIRES - Argentina's largest oil union said it launched an indefinite strike on Thursday after an explosion at a refinery in the western province of Neuquen killed three.

Reuters

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The Independent UK

Fire in Argentina refinery kills three

A fire in an oil refinery in southwestern Argentina has killed at least three people

Wales Online

Jacob Rees-Mogg suggests he won't fight Wales' fracking ban

This comes after First Minister of Wales Mark Drakeford announced at the beginning of September that Wales would not be fracking for shale gas

Salon

Knives out over Manchin's "dirty deal"

Manchin finally released the text of his oil pipeline bill. Advocates say it's "reckless and dangerous"

Reuters

EU eyes oil price cap, more high-tech export curbs in new Russia sanctions

The European Union is looking at an oil price cap, tighter curbs on high-tech exports to Russia and more sanctions against individuals, diplomats said on Thursday, in response to what the West condemned as a new escalation in Moscow's war in Ukraine.

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The National (Scotland)

Greenpeace considering legal challenge over Tory plans for oil and gas licences

ENVIRONMENTAL campaigners are considering taking legal action against the Government over its plans to issue more than 100 new oil and gas drilling…

Manchester Evening News

What is fracking, the potential sites and why it's controversial

Prime minister Liz Truss faces a political backlash after lifting England’s fracking ban - but why has the practice caused so much tension?

Al Jazeera

UN raises funds to salvage oil tanker ‘time bomb’ off Yemen coast

The decaying 45-year-old FSO Safer has not been serviced since Yemen plunged into civil war in 2014.

Wales Online

Government sparks controversy as it allows fracking in England again to boost UK energy supplies

Business and energy secretary Jacob Rees-Mogg says move is in response to energy crisis

Insider UK

Next North Sea oil and gas licensing round to start next month

Latest bidding process is expected to lead to more than 100 new licenses for extraction

Daily Mirror

Brad Pitt announces genderless skincare line using oil from Angelina Jolie vineyard

Fifteen years after Brad and Angelina purchased Château Miraval, a gigantic vineyard in the South of France, Le Domaine was birthed

WEKU

With 'Ducks,' the creator of Hark! A Vagrant reveals her shadow side

Kate Beaton, the mind that gave us perky revolutionaries and a roly-poly Napoleon, now tells the darker side of her life story: how she suffered during the two years she worked in Alberta's oil field.

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